Shares of hotel developer Marga Abhinaya Abadi (MABA) jumped 12.23% to Rp2,100 per share on Wednesday (Sept 13) on report MABA planned to acquire 98.34% shares of its affiliate, real estate developer, PT Anugerah Berkah Madani (ABMA Properties) at a price of Rp2.69 trillion, funded by proceeds of the planned rights issue (new share offering). MABA has gained 44.8% since Monday (Sept 11).To subscribe please click here